Sensata Technologies Completes Acquisition of Honeywell's 'Automotive on Board' Sensors Business

January 31, 2011

ALMELO, Netherlands, Jan. 31, 2011 /PRNewswire via COMTEX/ -- Sensata Technologies Holding N.V. (NYSE: ST) (the "Company") announced today that various of its operating subsidiaries closed the previously announced acquisition of Honeywell's "Automotive on Board" sensors business on Friday, January 28.

The Automotive on Board products include cam and crankshaft, transmission, vane and turbo linear position sensors as well as wheel speed sensors that are produced and sold directly to automotive OEMs and tier 1 manufacturers around the world. Sales for this business in 2009 were approximately $100 million with expected sales in 2010 of approximately $130 million. The Company will refer to this as the Magnetic Speed and Position product family, or MSP, in all future communications.

Tom Wroe, Chairman and Chief Executive Officer of Sensata, said, "We are pleased to close the acquisition of Honeywell's Automotive on Board sensors business on schedule. With our expanded product offering and strong position in emerging markets, Sensata is poised for continued leadership in the global automotive sensors market by delivering a broad range of products that enable our customers to provide solutions to help the world's growing need for safety, energy efficiency and a clean environment."

About Sensata Technologies Holding N.V.

Sensata Technologies Holding N.V. is one of the world's leading suppliers of sensing, electrical protection, control and power management solutions. Majority-owned by affiliates of Bain Capital Partners, LLC, a leading global private investment firm, and its co-investors, Sensata employs approximately 10,000 people in nine countries. Sensata's products improve safety, efficiency and comfort for millions of people every day in automotive, appliance, aircraft, industrial, military, heavy vehicle, heating, air-conditioning and ventilation, data, telecommunications, recreational vehicle and marine applications. For more information, please visit Sensata's web site at

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in such statements. The principal risks and uncertainties include, but are not limited to: integration of acquired companies, including Honeywell's Automotive on Board sensors business; worldwide economic conditions; adverse developments in the automotive industry; fluctuations in foreign currency exchange, commodity and interest rates; competitive pressures; pricing and other pressures from customers; fundamental changes in the industries in which the Company operates; litigation and disputes involving the Company, including the extent of product liability and warranty claims asserted against the Company; labor disruptions and increased labor costs; the loss of one or more suppliers of raw materials; non-performance by suppliers; the Company's ability to protect its intellectual property; the Company's failure to comply with the covenants contained in the credit agreement governing its subsidiary's senior secured credit facility or its other debt agreements; the Company's dependence on third parties for transportation, warehousing and logistics services; compliance with Section 404 of the Sarbanes-Oxley Act of 2002; environmental, safety and governance regulations or concerns; changes in existing environmental and/or safety laws, regulations and programs; unfunded benefit obligations; and the Company's ability to secure financing to operate and grow its business or to explore opportunities. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made; and we undertake no obligation to publicly update or revise any forward-looking statements, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our filings are available from our Investor Relations department or from the SEC website,



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SOURCE: Sensata Technologies Holding N.V.